Negotiator
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I cant believe that there are not more people out there that dont hold the borrower to blame in some degree of culpability.
I cant believe that there are not more people out there that dont hold the borrower to blame in some degree of culpability.
Would you consider a person who borrows a relatively moderate sum of money that's well within their capacity to repay the loan at that time, wreckless lending? Because that's what the vast majority of distressed borrowers did but either lost their jobs or took a massive and unprecedented pay cut. Why do you want to vilify these people?I did suggest that their credit record should be on the ICB for 20 years for serious defaulters to prevent them (and protect lenders) from engaging in wreckless lending and borrowing in the future.
One question though, does anyone know if they can force bankruptcy on us? Somebody said that to me the other day and if they do force bankruptcy, that if and when we come back to ireland from abroad we will have to deal with the bankruptcy then even if its 10 or 12yrs later?
They can't pursue you for an unsecured debt.
End of story.
You sell your house for the best price you can get. You impress on the Bank that you are leaving and this is the only deal in town.
They can't pursue you for an unsecured debt.
It's for this very reason I wouldn't bother my Barney on doing the dirty work for your bank when this is how they respond. Simply send in a surrender document which you can type up yourself (if your banks don't want to supply you with one) and stick a set of keys in the envelope with it. The game is up when the bank receive this and you'll effectively be done with them as far as you're concerned!Update:
Sale agreed, bank still not aggreeing to the sale. They will send a valuer to the house to see if its sold at market value.
They want us to send in another financial statement of our means. This is no problem, we are both on the dole, we have receipts etc.
But...as I said in previous posts, I did not tell the bank that we had rented out the house. As it happens the tenents are moving out in two weeks. They had been putting a weekly amount of rent into our account and now the bank wants to see our bank stats.
They will probably question what the "lodgement" is, and Im jst not sure what way to handle this with the bank so has anyone any advice?
There is no such thing.What about Credit Ratings? Is there a Global Register which follows you around the planet?
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